Goldman Sachs downgrades Travelers to Sell after Q2 earnings

Goldman Sachs Research downgraded Travelers (TRV) to Sell after the insurer's second-quarter earnings, the firm said. The stock traded lower on the news.

Travelers carries an Alpha Score of 61 out of 100 from AlphaScala, a Moderate label. The score reflects the stock's risk-adjusted return potential relative to Financials sector peers. The Moderate label indicated a neutral risk-reward profile before the downgrade.

Goldman Sachs Research's move followed the Q2 earnings release. The firm did not provide additional details on the downgrade beyond the event.

Shares of Travelers fell in early trading Tuesday. The stock is listed on the New York Stock Exchange.

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